Page-13 of Inflation
Fitch cuts down on India’s credit rating outlook
After Standard and Poor’s another global rating agency Fitch degraded India’s credit rating outlook to negative. As per Fitch: corruption, inadequate reforms, high inflation and slow growth are major reasons behind the fall in ratings sluggish growth and rising inflation ..
Month: Current Affairs - June, 2012
India Inc disgruntled with RBI not slashing rates
India Inc is dissatisfied with RBI’s decision of keeping interest rates unchanged As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory The ..
Month: Current Affairs - June, 2012
Government increases MSP of major Kharif crops
The government increased Minimum Support Price (MSPs) of primary kharif crops for the 2012-13 by up to 53 % that triggered concerns about further rise in food inflation. Why this rise in MSP (as it will trigger concerns about further ..
Month: Current Affairs - June, 2012
Indian economy is facing stagflation: Moody’s
As per the Global financial services firm Moody’s Analytics: Indian economy is going through stagflation, with slow growth and high inflation. RBI can’t be too aggressive in slashing interest rates. WPI inflation rising up to 7.5% every year in May ..
Month: Current Affairs - June, 2012
India is coping with serious economic crisis, needs key reforms: FICCI
As per the FICCI, the economic situation is grave with its low growth, high inflation, high fiscal deficit and the highest ever trade account deficit and it needs urgent addressal in the form of refoms. The body has called for ..
Month: Current Affairs - June, 2012
Govt gives in-principle nod to free diesel prices
Minister of State for Finance, Namo Narain Meena held that the government has taken an in-principle decision to link diesel prices with market rates. Yet, there is no proposal currently to completely deregulate cooking gas price. He also opined that ..